Power management tech supplier Dialog Semiconductor hasn't seen the same hit to its business that other Apple suppliers have encountered in recent times, CEO Jalal Bagherli claimed on Wednesday.
Bagherli credited the situation to Dialog technology being installed in many Apple devices. "Some products will have less volume, but others will have higher volume. So we have more chance of compensating [for] changes," Bagherli said at the Morgan Stanley TMT Conference in Barcelona, quoted by Reuters. "It is a volatile market, so there will be change almost weekly in terms of the forecast for the rest of the quarter or into the following quarter."
Dialog has already secured two Apple design wins for 2019, according to Bagherli, involving subsystem and charger components.
Several Apple suppliers -- Japan Display, IQE, and Lumentum -- saw their stocks fall this week based on lower revenue forecasts. Their performance has in turn hit Apple's share price hard, bringing it below $190 to levels not seen since July.
The source of problems may be the iPhone XR. While well-reviewed, and $250 cheaper than the iPhone XS, the product may not be selling as well as initially expected. TF Securities analyst Ming-Chi Kuo recently slashed his sales forecast for 2019 by 30 percent.
In October, Apple forged a $600 million deal with Dialog to license patents, buy assets, and recruit workers as it moves to bring power management in-house. Dialog is aiming to reduce its dependence on Apple to between 30 and 45 percent by 2022.